Services, Credit/Revenue in Cyprus
Cyprus: Services, Credit/Revenue was 32.06 billion in 2024. ◆ Volatile
Services, Credit/Revenue in Cyprus, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services, credit/revenue in Cyprus stood at 32.06 billion. That is the highest value across all 20 years on record.
That represents a change of up 10.4% on the previous year and up 173.0% over ten years.
Over the whole period, services, credit/revenue in Cyprus peaked at 32.06 billion in 2024 and was at its lowest, 6.00 billion, in 2005.
That places Cyprus 43rd out of 198 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, Credit/Revenue in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 6.00 billion | — |
| 2006 | 6.58 billion | +9.6% |
| 2007 | 8.30 billion | +26.2% |
| 2008 | 10.65 billion | +28.4% |
| 2009 | 9.30 billion | -12.7% |
| 2010 | 9.40 billion | +1.0% |
| 2011 | 10.58 billion | +12.6% |
| 2012 | 9.92 billion | -6.3% |
| 2013 | 11.09 billion | +11.8% |
| 2014 | 11.74 billion | +5.9% |
| 2015 | 10.74 billion | -8.6% |
| 2016 | 11.96 billion | +11.4% |
| 2017 | 13.89 billion | +16.1% |
| 2018 | 14.78 billion | +6.5% |
| 2019 | 16.38 billion | +10.8% |
| 2020 | 17.00 billion | +3.8% |
| 2021 | 23.09 billion | +35.8% |
| 2022 | 27.30 billion | +18.3% |
| 2023 | 29.04 billion | +6.4% |
| 2024 | 32.06 billion | +10.4% |
Cyprus compared with similar countries
- Cyprus's 32.06 billion is above the median for high income countries, which is 24.52 billion, 1.3× the median. (72 countries reporting)
- Cyprus's 32.06 billion is above the median for Europe & Central Asia, which is 24.52 billion, 1.3× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.17 billion | 6.00 billion | 10.65 billion | 5 |
| 2010s | 12.05 billion | 9.40 billion | 16.38 billion | 10 |
| 2020s | 25.70 billion | 17.00 billion | 32.06 billion | 5 |
Countries ranked near Cyprus
More financial sector data for Cyprus
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0028 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 84.99 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 62.06 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0028 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 84.99 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is services, credit/revenue in Cyprus?
- Services, credit/revenue in Cyprus was 32.06 billion in 2024, according to International Monetary Fund.
- What is the highest services, credit/revenue recorded in Cyprus?
- The highest recorded value was 32.06 billion in 2024.
- What is the lowest services, credit/revenue recorded in Cyprus?
- The lowest recorded value was 6.00 billion in 2005.
- How does Cyprus rank for services, credit/revenue?
- Cyprus ranks 43rd out of 198 countries with data for 2024.
- Is services, credit/revenue rising or falling in Cyprus?
- Over the last ten years it is up 173.0%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from International Monetary Fund, published as part of Services, Credit/Revenue (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.